Biotech Values

[AlpineBV_Miller]

eh?

$1000 value for 100 shares of a $10 stock.
$50 for a put option at $7.50.

Stock goes to $5. You have $700.
Stock stays at $10. You have $950.
Stock goes to $15. You have $1450.

$50 for a $10 call (being generous on the price, here)
Stock goes to $5. You have zero.
Stock stays at $10. You have zero
Stock goes to $15. You have $1450.